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Economic recovery in The Netherlands

At the start of the crisis, government debt increased rapidly to 68 percent of the GDP in 2014. The accumulation of debt was mainly on account of state aid granted to financial institutions, falling tax revenues due to the economic downturn, and rising expenditure as a result of mounting unemployment. Recovery did follow after 2014. In 2017, government debt was in compliance with the European ceiling again (60 percent of GDP) for the first time since 2010. At the end of 2017, the Netherlands' government debt stood at 57.1 percent.

The Netherlands 10 years after Lehman Brothers

by Oui on Fri Nov 22nd, 2019 at 09:58:31 PM EST
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